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Sprint Nextel Stock Hits New 52-Week High (S)

Sprint Nextel (NYSE:S) hit a new 52-week high Monday as it is currently trading at $6.30, above its previous 52-week high of $6.27 with 9.1 million shares traded as of 10:46 a.m. ET. Average volume has been 37.1 million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Sprint Nextel (NYSE: S) hit a new 52-week high Monday as it is currently trading at $6.30, above its previous 52-week high of $6.27 with 9.1 million shares traded as of 10:46 a.m. ET. Average volume has been 37.1 million shares over the past 30 days.

Sprint Nextel has a market cap of $18.7 billion and is part of the technology sector and telecommunications industry. Shares are up 9.9% year to date as of the close of trading on Friday.

Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.

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TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. You can view the full Sprint Nextel Ratings Report.

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